Shares of Mazagon Dock Shipbuilders will trade ex-date this week for an interim dividend. Earlier, the board recommended Rs. 23.19 per equity share of Rs. 10 each fully paid-up for the financial year 2024-25. Along with the dividend, Mazagon Dock Shipbuilders also announced a stock split.
Let’s have a look at the PSU stock’s share price performance and dividend history.
Mazagon Dock Shipbuilders share price
On Monday, October 28, Mazagon Dock Shipbuilders shares closed at Rs 4012.45 per share, down 47.45 points or 1.17 per cent against the previous close of Rs 4059.90 per share. The defence PSU stock traded in the range of Rs 4153.85 and Rs 3994 per share. A total of 0.73 lakh shares changed hands against the two weeks’ average quantity of 2.50 lakh shares.
Mazagon Dock Shipbuilders dividend history
Mazagon Dock Shipbuilders boasts a good history of rewarding its shareholders with dividends. In 2024, Mazagon Dock Shipbuilders paid a dividend of Rs. 12.11 equity per share. In 2023, the PSU company paid dividend of Rs. 15.34 and Rs 6.86 equity per share. Likewise, in 2022, the company declared a dividend of Rs. 9.10 equity per share.
Mazagon Dock Shipbuilders share price history
As per BSE analytics, as of October 28, the PSU stock corrected by -14 per cent in the last one week and 17.40 per cent in the last three months. It delivered impressive 526.31 and 1462.48 per cent return in the last two and three years, respectively.
Mazagon Dock Shipbuilders dividend record date
The company has fixed Wednesday, 30 October 2024, as the record date for this dividend. In addition to the dividend, Mazagon Dock Shipbuilders has approved a stock split.
Mazagon Dock Shipbuilders stock split
Mazagon Dock Shipbuilders announced a stock split in 1:2 ratio. This means existing equity share of face value Rs. 10 will be subdivided into two equity shares of face value Rs. 5 each, subject to shareholders’ approval. However, the company has yet to announce the record date for the stock split.
